The recovery we're starting to see may have been triggered by an
asset allocation buy program that we were first alerted to when
the 30-year YIELD turned green. We alerted traders in the "hot
list" to be alert for a reversal in stocks and for shorter-term
bearish traders to watch out as a rally could occur.

30-year YIELD Chart - 60-minute interval

It's tough to tell if its the triple-witching effect that had the
30-year YIELD reversing course so drastically, but it sure gave a
heads up that stocks might turn around if you believe in the sell
bond and buy stock theory. We immediately started looking for
sector strength and thought the Biotechnology sector was where a
bullish trader should be focusing.

Biotechnology Index (BTK.X) - 60-minute chart

Almost immediately after the 30-year YIELD turned green, we
alerted traders that the Biotechs were probably the best place to
begin focusing. We thought we could see a quick pop to the 600
level and that a bullish trade in the Biotech HOLDRs (BBH) and
the July 130 calls (GBZGF) when offered at $7.70 might make for
an attractive risk/reward bullish trade. We can't profile the
trade in our PremierMarkets.com portfolio as we didn't have it
outlined prior to today's activity. Perhaps we should have
considering this morning's 09:00 trading scenario for a potential
150-point rally in the NASDAQ-100.